Alx Oncology Stock Market Value

ALXO
 Stock
  

USD 10.68  0.03  0.28%   

Alx Oncology's market value is the price at which a share of Alx Oncology stock trades on a public exchange. It measures the collective expectations of Alx Oncology Holdings investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Alx Oncology Holdings and determine expected loss or profit from investing in Alx Oncology over a given investment horizon. Please continue to Alx Oncology Correlation, Alx Oncology Volatility and Alx Oncology Alpha and Beta module to complement your research on Alx Oncology.
Symbol


Is Alx Oncology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alx Oncology. If investors know Alx Oncology will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alx Oncology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
436.5 M
Quarterly Revenue Growth YOY
(1.00) 
Return On Assets
(0.22) 
Return On Equity
(0.36) 
The market value of Alx Oncology Holdings is measured differently than its book value, which is the value of Alx Oncology that is recorded on the company's balance sheet. Investors also form their own opinion of Alx Oncology's value that differs from its market value or its book value, called intrinsic value, which is Alx Oncology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alx Oncology's market value can be influenced by many factors that don't directly affect Alx Oncology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alx Oncology's value and its price as these two are different measures arrived at by different means. Investors typically determine Alx Oncology value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alx Oncology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Alx Oncology 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Alx Oncology's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Alx Oncology.
0.00
10/27/2022
No Change 0.00  0.0 
In 31 days
11/26/2022
0.00
If you would invest  0.00  in Alx Oncology on October 27, 2022 and sell it all today you would earn a total of 0.00 from holding Alx Oncology Holdings or generate 0.0% return on investment in Alx Oncology over 30 days. Alx Oncology is related to or competes with Regeneron Pharmaceuticals, and Vertex Pharmaceutic. ALX Oncology Holdings Inc., a clinical-stage immuno-oncology company, focuses on developing therapies for patients fight... More

Alx Oncology Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Alx Oncology's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Alx Oncology Holdings upside and downside potential and time the market with a certain degree of confidence.

Alx Oncology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alx Oncology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alx Oncology's standard deviation. In reality, there are many statistical measures that can use Alx Oncology historical prices to predict the future Alx Oncology's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Alx Oncology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Alx Oncology in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
6.6910.7714.85
Details
Intrinsic
Valuation
LowReal ValueHigh
9.6126.6530.73
Details
Naive
Forecast
LowNext ValueHigh
6.6010.6814.76
Details
7 Analysts
Consensus
LowTarget PriceHigh
25.0075.33103.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alx Oncology. Your research has to be compared to or analyzed against Alx Oncology's peers to derive any actionable benefits. When done correctly, Alx Oncology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Alx Oncology Holdings.

Alx Oncology Holdings Backtested Returns

Alx Oncology Holdings secures Sharpe Ratio (or Efficiency) of -0.0651, which signifies that the company had -0.0651% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Alx Oncology Holdings exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Alx Oncology Holdings risk adjusted performance of (0.11), and Mean Deviation of 3.0 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.3771, which signifies a somewhat significant risk relative to the market. Let's try to break down what Alx Oncology's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alx Oncology will likely underperform. Even though it is essential to pay attention to Alx Oncology Holdings historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Alx Oncology Holdings exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Alx Oncology Holdings has an expected return of -0.27%. Please be advised to confirm Alx Oncology Holdings potential upside, as well as the relationship between the kurtosis and day typical price to decide if Alx Oncology Holdings performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.56  

Good reverse predictability

Alx Oncology Holdings has good reverse predictability. Overlapping area represents the amount of predictability between Alx Oncology time series from 27th of October 2022 to 11th of November 2022 and 11th of November 2022 to 26th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alx Oncology Holdings price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Alx Oncology price fluctuation can be explain by its past prices.
Correlation Coefficient-0.56
Spearman Rank Test0.19
Residual Average0.0
Price Variance0.62

Alx Oncology Holdings lagged returns against current returns

Autocorrelation, which is Alx Oncology stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Alx Oncology's stock expected returns. We can calculate the autocorrelation of Alx Oncology returns to help us make a trade decision. For example, suppose you find that Alx Oncology stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Alx Oncology regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Alx Oncology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alx Oncology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alx Oncology stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Alx Oncology Lagged Returns

When evaluating Alx Oncology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alx Oncology stock have on its future price. Alx Oncology autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Alx Oncology autocorrelation shows the relationship between Alx Oncology stock current value and its past values and can show if there is a momentum factor associated with investing in Alx Oncology Holdings.
   Regressed Prices   
Share
       Timeline  

Alx Oncology Investors Sentiment

The influence of Alx Oncology's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Alx Oncology. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Alx Oncology's public news can be used to forecast risks associated with investment in Alx Oncology. The trend in average sentiment can be used to explain how an investor holding Alx Oncology can time the market purely based on public headlines and social activities around Alx Oncology Holdings. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Alx Oncology's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Alx Oncology's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Alx Oncology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Alx Oncology.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alx Oncology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alx Oncology's short interest history, or implied volatility extrapolated from Alx Oncology options trading.

Pair Trading with Alx Oncology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alx Oncology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alx Oncology will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Alx Oncology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alx Oncology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alx Oncology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alx Oncology Holdings to buy it.
The correlation of Alx Oncology is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alx Oncology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alx Oncology Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alx Oncology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Alx Oncology Correlation, Alx Oncology Volatility and Alx Oncology Alpha and Beta module to complement your research on Alx Oncology. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Alx Oncology Holdings price analysis, check to measure Alx Oncology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alx Oncology is operating at the current time. Most of Alx Oncology's value examination focuses on studying past and present price action to predict the probability of Alx Oncology's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Alx Oncology's price. Additionally, you may evaluate how the addition of Alx Oncology to your portfolios can decrease your overall portfolio volatility.
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Alx Oncology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Alx Oncology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Alx Oncology trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...